929 84Th StBrooklyn, NY 11236

For Sale
$200,000

2,000 sq ft lot, R5B zoning, great potential.

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional 2,000 square foot vacant lot, located at 929 East 84th Street in Brooklyn, New York (zip code 11236), presents a remarkable opportunity for development. Situated in Kings County, this property boasts R5B zoning, offering significant flexibility for various construction projects. The lot dimensions are 20 feet wide by 100 feet deep, situated on a residential block. Approved plans for a 2-4 family home are already in place, making this an ideal investment for those seeking to build a custom home. Alternatively, the zoning allows for the construction of a 1-3 or even a 4-family home, or the potential to maximize the Floor Area Ratio (FAR) for a medical facility or community service building. The maximum usable floor area is 2,700 square feet, with an unused FAR of 2,700 square feet. Another possibility is developing affordable tiny homes, potentially incorporating parking. The property's location offers convenient access to shopping, restaurants, and public transportation. Annual real estate taxes are only $1,875. Additional income streams could be generated through renting out parking spaces (at a potential $300 per month per car), or by installing solar panels. This property offers numerous possibilities for a savvy investor.

Highlights

  • 2,000 sq ft vacant lot in Brooklyn, NY (11236), Kings County.
  • R5B zoning allows for 2-4 family home (approved plans available), or 1-3 family home, or even a 4-family home, or a medical/community service building.
  • 20' x 100' lot; 2,700 sq ft maximum buildable area.
  • Low annual property taxes: $1,875.
  • Potential for additional income via parking rental ($300/month per space) or solar panels.

Location Insight

City
Brooklyn
County
Kings (Brooklyn)
State
New York
Latitude
40.636947
Longitude
-73.90949
929 84Th St, Brooklyn, New York

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929 84Th St
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